The outcome of the first negotiation package agreed between CDU/CSU and SPD needs to become more precise before being approved by their congresses. There is a long way to go for the creation of a new “grand coalition” and in the meantime, there are some issues that need to be addressed. On one hand, regarding […]
The Greek Economy Is Recovering And Exiting The Crisis
The latest data from Eurostat shows that the Greek economy is steadily entering a growth phase, after many years of recession. Investments are increasing and exports are back on track with a surge of 18% – the highest rate since 2001. Unemployment has fallen to 21.2% compared to 27% in 2014, and for two consecutive […]
European Convergence And The Role Of Progressive Forces
The European Union and Eurozone are faced with significant, historic challenges in 2017. Destructive forces in Europe, expressed through far-right parties and their divisive rhetoric, and the rigid insistence on a financial/austerity policy model that cannot promote growth and opportunity for all are the major reasons why some of the fundamental institutional pillars of the […]
The Stability And Growth Pact Has Failed
Seven Eurozone member-states have received a warning letter from the European Commission on potential deviations from the prescribed budgetary norm in 2017 and likely need for fiscal tightening. Cyprus, Spain, Portugal, Italy, Finland, Belgium and Lithuania face problems in abiding by the rules and requirements of the Pact (S&GP) with respect to the rate of […]
Greece: Lower Primary Surpluses After 2018 And Sustainable Debt Relief
Beginning from the first weeks of September and during the next few months, the European Union and Eurozone will have to provide convincing answers to a number of crucial issues vital to the future of the Union. Greece is entering again into the core of the debate, revving up for the second bailout review as […]
The Left Should Determine EU Agenda After Brexit
The voter turnout of the referendum and the win of the Brexit camp is a big defeat for the United Kingdom, causing shock waves in the neoliberal financial policy implemented in Eurozone and the European Union. The result has to be respected by all of us, though it proves that both the UK and the […]
Greek Reforms Endorsed And Debt Relief Talks Launched
The outcome of the most recent Eurogroup meeting was a positive step towards the conclusion of the first review of the Greek program. The large-scale reform agenda of the government was endorsed by the institutions, paving the way for the long-awaited discussion on public debt. In this respect, the orchestrated efforts by the main (conservative) […]
Conclusion Of Greek Bailout Review To Be Coupled With Investments
In January 2015 Syriza came to power with the aim of tackling austerity, bringing back social justice and growth, building on a challenging but necessary reform package, addressing sky-rocketing unemployment and poverty, fighting corruption. The task seemed impossible, but what we have witnessed so far is a government that fights against the odds every single day […]
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